Oppenheimer cuts Carrier's PT on weaker US residential HVAC demand
17/09/2025 11:53
** Oppenheimer cuts PT on air conditioner maker Carrier Global CARR.N to $75 from $85; new PT represents upside of 23% from stock's last close ** Reiterates rating at "outperform" ** Brokerage says weaker U.S. residential HVAC demand is hurting Carrier's performance, prompting lowered outlook and cost cuts, with future gains expected from tax savings and share buybacks ** Oppenheimer says U.S. residential HVAC demand is expected to rebound in 2026 as refrigerant transition challenges ease, housing activity improves and weather-driven demand, while restocking support volume recovery ** 15 of 26 brokerages rate stock "buy" or higher, 11 "hold"; their median PT is $76 - data compiled by LSEG ** As of last close, stock had fallen 10.7% YTD (Reporting by Apratim Sarkar) ((Apratim.Sarkar@thomsonreuters.com))